Chipotle's Stock Plunges 18% On Lowered Guidance
Chipotle Mexican Grill's (CMG) stock has plummeted 18% after the company lowered its same-store sales guidance for the third consecutive quarter.
The company reported earnings per share (EPS) of $0.29, in line with Wall Street's expectations, but fell short of the $3.03 billion consensus estimate.
Chipotle now expects its full-year same-store sales to shrink by a low-single digit percentage in 2025, a significant change from earlier projections of low- to mid-single digit growth.
Traffic at Chipotle's stores declined 0.8% in the latest quarter, marking the third consecutive quarter of declines.
Management cited "consistent macroeconomic pressures" as a factor in the company's earnings release.
Author's summary: Chipotle's stock drops 18% due to lowered guidance.
- Stock price: -18%
- Earnings per share (EPS): $0.29
- Same-store sales guidance: low-single digit percentage decline in 2025
- Traffic decline: 0.8% in the latest quarter
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